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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Brazilian inflation

Brazil services confidence in May surges to pre-pandemic high
World

Brazil services confidence in May surges to pre-pandemic high

  • The Getulio Vargas Foundation's (FGV) services sector confidence index rose 6.4 points to 88.1 points in May, the second consecutive rise and the highest since the pre-pandemic levels of February last year.
  • "An expanded vaccination program will extend the recovery in a sector that was hit hard during the pandemic," he said.
Published 31 May, 2021 07:43pm
Brazil retail sales fall 0.6pc in March, but far less than expected
World

Brazil retail sales fall 0.6pc in March, but far less than expected

  • The seasonally adjusted monthly decline of 0.6% in March was far less than the median forecast of a 7.0% decline in a Reuters poll of economists, while the year-on-year rise of 2.4% was stronger than the 1.7% fall forecast in the poll.
  • Some 26% of firms across the country surveyed by IBGE said the COVID-19 pandemic affected sales in March, the highest percentage since July last year.
Published 07 May, 2021 06:56pm
Brazilian inflation bubbles as annual March PPI hits record 33.5pc
World

Brazilian inflation bubbles as annual March PPI hits record 33.5pc

  • The annual rate of factory gate inflation in Latin America's largest economy rose to 33.5% from 28.5%, the highest level since statistics agency IBGE's data series began in January 2014.
  • The accumulated rate of inflation in the first quarter of the year was also a record for the January-March period, rising to 14.1% from 8.9% in the three months to February, IBGE said
Published 04 May, 2021 07:51pm
Brazil March inflation 6.1pc, highest since 2016
World

Brazil March inflation 6.1pc, highest since 2016

  • The annual rate of consumer inflation rose to 6.10% from 5.20% in February, statistics agency IBGE said, slightly below the 6.20% median forecast in a Reuters poll of economists but the highest since December 2016.
  • The central bank's year-end goal is 3.75%, with a 1.5 percentage point margin of error on either side. These figures show inflation is well above even the 5.25% upper limit of that range.
Published 09 Apr, 2021 07:27pm
Brazil mid-February inflation highest in four years
World

Brazil mid-February inflation highest in four years

  • That was down from the 0.78% rate of monthly inflation in January, but higher than the median forecast in a Reuters poll of 0.46% and enough to push the annual rate of inflation up to 4.57%.
  • Prices rose in six of the nine groups of goods and services covered by IBGE. Transport costs rose 1.1% in the month, accounting for almost half of the overall monthly increase.
Published 24 Feb, 2021 06:27pm
Brazil inflation rises to highest for any October since 2002
Markets

Brazil inflation rises to highest for any October since 2002

  • Central bank officials say the spike is "temporary" and that long-term inflation expectations and baseline forecasts remain "well-anchored".
  • Prices rose 3.92% in the 12 months through October, the highest since February and also in line with the median forecast of 3.90% in the Reuters poll.
Published 06 Nov, 2020 07:54pm